Anti-graft Law Archives | Be Korea-savvy
Efforts to Amend Anti-Graft Law Hit Snag

Efforts to Amend Anti-Graft Law Hit Snag

SEOUL, Nov. 27 (Korea Bizwire) – Efforts to revise an anti-graft law hit a snag on Monday before they even got off the ground. The Anti-Corruption and Civil Rights Commission voted down a revision bill on the so-called “Kim Young-ran Law.” Named after its architect who once served as a Supreme Court justice and anti-corruption agency chief, the lawbans public servants, [...]

South Korea’s Wild Drinking Culture Shifts amid Declining Alcohol Consumption

South Korea’s Wild Drinking Culture Shifts amid Declining Alcohol Consumption

SEOUL, June 2 (Korea Bizwire) – A slow but noticeable change is coming to South Korea’s once fierce and often authoritative drinking culture.  Whiskey sales have struggled with negative growth for eight consecutive years, plummeting from 2.84 million crates (18 500-mililiter bottles) in 2008 to 1.67 million in 2016, while HiteJinro, a major distiller here, [...]

Livestock, Agricultural Production Plummet with Anti-Corruption Law

Livestock, Agricultural Production Plummet with Anti-Corruption Law

SEOUL, Feb. 23 (Korea Bizwire) – A recent report from the Korea Rural Economic Institute estimated that South Korea’s anti-corruption law will cause a drop in agricultural and livestock production of over 300 billion won ($263.76 million) this year, as the legislation forbids millions of journalists, public officials and educators from receiving gifts worth more [...]

Florists, Flower Farmers Feeling the Pinch of Anti-Corruption Law

Florists, Flower Farmers Feeling the Pinch of Anti-Corruption Law

BUSAN, Jan. 3 (Korea Bizwire) – Flowers – once common as welcoming or departing gifts, or congratulatory presents – were scarcely seen at a Busan government office on Monday, despite it being the peak season for promotions and office transfers.  According to flower farms in the region, the typical end-of-year or early-year reorganization period for [...]

Korean Beef Sales Down on Anti-Graft Law

Korean Beef Sales Down on Anti-Graft Law

SEOUL, Dec. 7 (Korea Bizwire) – Sales of Korean beef have decreased as consumers prefer cheaper imported beef with the implementation of an anti-graft law, industry data showed Wednesday.  E-Mart, the No. 1 discount store chain operated by Shinsegae, said sales of Korean beef came to 11.1 billion won (US$94.7 million) in November, down 25.5 [...]

Alcohol Sales Jump since October on Changing Social Mood

Alcohol Sales Jump since October on Changing Social Mood

SEOUL, Nov. 23 (Korea Bizwire) – Sales of alcoholic beverages have shown an unusual increase since October, a leading retailer said Wednesday, possibly from more people drinking at home after an anti-corruption law took effect.  According to E-Mart, whiskey sales during the Oct. 1-Nov. 21 period rose 11.7 percent compared with the same period last [...]

Coal Briquette Donations Plummet with Anti-Corruption Law, Political Scandal

Coal Briquette Donations Plummet with Anti-Corruption Law, Political Scandal

SEOUL, Nov. 10 (Korea Bizwire) – Winter is rapidly approaching, but donations of yeontan, coal briquettes that are used in low-income households for cooking and heating, are not as abundant as they were last year.  Officials point to a combination of factors for the change, including the introduction of the new anti-corruption law, President Park’s [...]